Lamented in a timely manner be implemented in a timely manner. European stocks lower but the euro higher. Uber has raised 1. 2 billion in additional funding. At aompany is now valued whopping 40 billion. It will use the money to expand in the asiapacific region. It has hired Goldman Sachs to sell more than 1 billion of convertible debt to the banks will management clients. Wealth management clients. It is auction day for bitcoin believers. The federal government will sell 50,000 bitcoins today. Was seized currency from the silk road. 30,000 were brought in june by ken draper. Building again. Watch up and present huggies, amazon is launching its own line of diapers and baby wipes and Radio Program called amazon elements. Elements will only be available to amazon prime members. Amazon says the products are transparent and will display detailed information on ingredients. Facebook Ceo Mark Zuckerberg wants to bring internet to the masses, from overcrowded towns in africa to the remotest p
155 points s p up nasdaq gaining. Even though its largely because of the news that greece and the eurozone have reached some sort of agreement on the terms of a bailout to deal with the greek financial crisis. Heres the thing. You better have your biolist ready monday in case it sells off after realizing this greek deal is a total kick the can four months down the road copout. It doesnt solve anything and frankly really isnt even a done deal. So what will we be looking at next week . Whats the game plan . Were still in earnings season with a heavy emphasis on retailers. My favorite stocks. The ideal for cheaper gasoline and colder weather. What else . Inquisitive Companies Might tantalize us with ideas. Monday morning we hear from a company with a stock with a magnificent move. I think its not over. Im talking dish network run by this wily charlie ergen. I bet well hear about deals involving cable cam bows and well likely hear the upbeat tone. I feel sad about some of the combinations
You had a sloppy fiveyear note auction for the treasuries today. That has served to push some yields higher today, so theres been a selloff in bonds on the long end of the yield curve and so many other things going on. You want to talk about some of the data weve gotten. That First Quarter gdp number doesnt look that strong and earnings. We have a lot to get to. Weve on a watch for a new high on the nasdaq. Not happening today. That index is down significantly. Its the russell thats up there right now and not the nasdaq, our old friend on the board over there. Interesting change. Youre right. They did move that. Look at that, down 22 points. Thats for us to worry about, not you folks. Another of the culprits moving stocks lower today, biotech looking very sickly. Look at that, 4 decline for biogen which just the other day was zooming on the alzheimers drug story and others are following suit as well today. Thats another sector were going to look at thats causing some of this selloff. L
That is only one hour away and it always happens during our show and it could be a real market mover for you. We begin with Hedge Fund Ties and steve cohen. A year after he turned hedge fund into a privately held Family Office he continues to beat the market. Kateicle we a look at the Trading Floor in stanford, connecticut. Over to you. Thanks so much and the i think the market is a great place to start up. Never before had a Television Camera here on site. Steve himself is here and trading as well at his own trading station. They are having a good year so far. They are up about 8. 5 . Thats good in light of the markets. Last year as well. They beat the market and they had returns north of 13 . A good run in a month or so. What im told at the moment is cautious about the u. S. Stock market. We could see flat kplafr and a slight tick down. A cautious outlook and not a strong view one way or the other. I came from a meeting and the president of the firm who was recently hired along with
Government going to snep to do some escalated measures to stimulate the economy. Last week 8 growth in the shanghai composite. Those gains up to 10 . Lets do a little bit of a microscope here. We saw in the u. S. On friday there theyre ending things in the red despite that we saw those record highs on thursday. The shanghai composite year to date surging. And we have see the any kay 22 as well. It has been seven Straight Days of gains. Year to day about 17 . 20,407. Thats the 15year high. Back to you guys. Rishaad surging exports to the u. S. , a trade deficit and the news providing some evidence that the economy is continuing to recover after last years recession. Willie, on the economy is there any real grounds for optimism . Well, yes. Happy birthday buda from japan. This is some of the best news weve had in a few months. You know, there are caveats gallonor. Galor. The u. S. Is recovering certainly thats good news for japan thsms certainly the back grop that were moving into. There